X2M Connect (ASX:X2M)

Company Profile

X2M Connect Limited (ASX:X2M) is an Australian technology company that has developed and commercialised a patented proprietary Internet of Things (IoT) solution which delivers productivity improvements, cost savings and improved public safety to enterprise and government clients in the utilities sector. The strategy is to stay focused on the utility sector where X2M has proven performance and tap the growing artificial intelligence, renewable energy generation and battery storage markets’ demand for data collection, analytics and device control.

X2M’s technology connects devices such as water, gas and electricity meters and other utility sensors to the internet, enabling data exchange and the remote control of these devices. The collection of large volumes of data from meters or sensors and our ability to go back and control devices also provides the basis for artificial intelligence or machine learning applications to build upon our platform. The Company generates revenue from the sale of hardware and monthly subscription fees under Software as a Service arrangements.

X2M now has circa half a million devices connected to its IoT platform and distributed intelligence solution, providing real-time information and control to a steadily increasing customer base operating over multiple communications technologies.

KEY PEOPLE

Mohan Jesudason

Mohan Jesudason

CEO

Mohan Jesudason has over 30 years’ business and executive experience.

Mr Jesudason was previously the Managing Director of Gaming and Group Marketing at Tabcorp Holdings Limited for 10 years.

He also worked 9 years at Telecom New Zealand (now Spark New Zealand Limited) which included the position of Managing Director at Telecom Mobile.

Mr Jesudason also worked at National Mutual/AXA (now AMP Limited) for 16 years where he served in a variety of roles from Graduate trainee to senior executive.

Mr Jesudason is on the Advisory Board of Enterprise Victoria and a past Director of Melbourne Football Club and Racing Victoria Limited where he was also a Member of the Racing Integrity Council.

Keith Jelley

Keith Jelley

COO

Keith Jelley has over 35 years’ experience in operations and technology development across 9 countries, delivering mission critical systems and transformations through major programs in the military, telecommunications, and embedded systems industries.

Mr Jelley is also a degreed engineer and held senior positions in the highly regulated gaming industry in Victoria.

Prior to joining X2M, Mr Jelley held senior leadership positions within Tabcorp Holdings Limited’s Gaming Division.

Alan Stockdale

Alan Stockdale

Chairman

Mr Stockdale has significant legal, Government, investment banking and other business experience.

Alan was Victorian Treasurer (1992-1999) and was the Minister for IT and Multimedia from 1996 to 1999. He was a successful barrister, law firm Partner and Consultant and worked as an investment banker for Macquarie Bank.

Mr Stockdale is Chairman of Knosys Limited and was previously Chairman of ASX-listed companies Senetas, Axon Instruments and Symex (now Pental) and Chairman of the Medical Research Commercialisation Fund.

He has been Chairman or a Director of several other listed companies, unlisted companies and voluntary organisations.

RELATED STOCKHEAD STORIES